Today is day 7 of the rally off the lows in late August where there have been 7 consecutive closes higher than 4 closes earlier. It should turn the next trading session (or two) if it doesn’t want to confirm the start of a new bull leg up (9consecutive closes higher). Once we get to 9 there should be a reversal anyway just like we got a reversal on a 9 downcount in late August (off the decline from the early August high).
I would get more trading bearish if the daily MACD historograms started to drop. Also this is day 4 from the $vix closing below its lower BB. It did this on April 19, 4 days before the market topped. It also did this on Jan 11 and the stock market topped out in a few days. (chopped sideways and until it headed down hard on Jan 19)
There should be selling next week, and it could go down to the 105.39 FP by next Friday. Some bad news released over the weekend would be the perfect “catalyst” to start the selling.
SP had a 9-11 close ie 1109.55(10) with the high of the week at 1110. Today 09-10-10 is 1 month 1day from from the 08-09-10 high and 1 year 1 day from 09-09-09 date which was an insignificant date but I have found it as a midpoint for a few cycles such as 666 days from the October 10,2008 orthodox/financial crisis low. There is a 27 day turn cycle due today but this cycle has been muted quite frequently lately but it had an impact as a freefall cycle at the Jan highs and during the week of May 20. The 13 day low cycle which has been hitting regularly is due Sept 15. It looks like the world premiere of “The Catalyst” could be the catalyst. China moved up the release of some economic reports for this weekend so I guess we only have to wait for the futures to open Sunday to see the effect. 60 min Macd lines refuse to budge higher for SPX and the $rut,small caps are lagging like they did at early August high and $sox index has already renewed its decline. Transports putting in the topping trading box similar to its late April and early August highs. Crude oil was up today and shot up to its 50day average and the main reason indices were up today. Euro continues to go sideways with BBs remaining narrow. When the euro begins its next decent, the heavy hitting will soon follow.
I started to short CCL today. Do you know how bad I am at shorting CCL? I’m so bad, that had you traded opposite me on all of my CCL shorts, you’d be retired. So Guess what? I went long instead. http://zstock7.com/?p=3279
You’ll learn a lot about what’s really going on when you start watching the various video’s on their site. I’ve watched over 40 hours of video’s, and watched some of them more then once.
Today is day 7 of the rally off the lows in late August where there have been 7 consecutive closes higher than 4 closes earlier. It should turn the next trading session (or two) if it doesn’t want to confirm the start of a new bull leg up (9consecutive closes higher). Once we get to 9 there should be a reversal anyway just like we got a reversal on a 9 downcount in late August (off the decline from the early August high).
I would get more trading bearish if the daily MACD historograms started to drop. Also this is day 4 from the $vix closing below its lower BB. It did this on April 19, 4 days before the market topped. It also did this on Jan 11 and the stock market topped out in a few days. (chopped sideways and until it headed down hard on Jan 19)
There should be selling next week, and it could go down to the 105.39 FP by next Friday. Some bad news released over the weekend would be the perfect “catalyst” to start the selling.
SP had a 9-11 close ie 1109.55(10) with the high of the week at 1110. Today 09-10-10 is 1 month 1day from from the 08-09-10 high and 1 year 1 day from 09-09-09 date which was an insignificant date but I have found it as a midpoint for a few cycles such as 666 days from the October 10,2008 orthodox/financial crisis low. There is a 27 day turn cycle due today but this cycle has been muted quite frequently lately but it had an impact as a freefall cycle at the Jan highs and during the week of May 20. The 13 day low cycle which has been hitting regularly is due Sept 15. It looks like the world premiere of “The Catalyst” could be the catalyst. China moved up the release of some economic reports for this weekend so I guess we only have to wait for the futures to open Sunday to see the effect. 60 min Macd lines refuse to budge higher for SPX and the $rut,small caps are lagging like they did at early August high and $sox index has already renewed its decline. Transports putting in the topping trading box similar to its late April and early August highs. Crude oil was up today and shot up to its 50day average and the main reason indices were up today. Euro continues to go sideways with BBs remaining narrow. When the euro begins its next decent, the heavy hitting will soon follow.
LOL… good luck on that.
I started to short CCL today. Do you know how bad I am at shorting CCL? I’m so bad, that had you traded opposite me on all of my CCL shorts, you’d be retired. So Guess what? I went long instead.
http://zstock7.com/?p=3279
You’ll learn a lot about what’s really going on when you start watching the various video’s on their site. I’ve watched over 40 hours of video’s, and watched some of them more then once.
I really liked the last minute of that video. I’m going to project camelot right now.
Nasdaq 100 Trading near resistance area: CLICK HERE
Gang,
Problem solved:
I think I’ll just go buy a new computer like this one…
http://www.youtube.com/watch?v=6xZnyC09QbA&NR=1&feature=fvwp
LOL…
It’s still running right now, and hasn’t frozen yet (crossing my fingers here). It my hobby I guess. I’ll go back to drinking if it crashes again…